New South Wales Consolidated Acts

CASINO CONTROL ACT 1992 - SECT 142

142 NICC may conduct negotiations and enter into agreements

(1) With the approval or at the direction of the Minister, the NICC may conduct negotiations and enter into agreements on behalf of the State for or in connection with the establishment and operation of a casino and any development of which a casino or proposed casino forms part.

(2) Such an agreement may contain only terms that are approved by the Minister and that are not inconsistent with this Act.

(2A) An agreement is invalid to the extent it includes provisions that--

(a) prevent the NICC from exercising the functions mentioned in section 135(a) and (b), or

(b) otherwise restrict, or impose additional obligations on, the NICC in exercising the functions.

(3) Such an agreement may provide that all or specified obligations imposed by the agreement are to be considered to be conditions of the relevant casino licence and such a provision has effect accordingly.

(4) An assignment or encumbrance of the rights and obligations conferred or imposed by such an agreement is void unless the Minister consents to the assignment or encumbrance and any conditions subject to which the consent is given are complied with.

(5) The Minister may vary or revoke a condition referred to in subsection (4).